The End of Director’s Law?
Many have long believed that big government helps the poor at the expense of the wealthy. But back in the glory days of economics at the University of Chicago Aaron Director noticed a recurring theme in the way democracies cut the pie. Given the power to tax and redistribute, you might expect those on the bottom (plus one to gain a majority) would form a coalition to snatch away the wealth of the top 49 percent. But this doesn’t happen. Director teased out why: forming a winning coalition requires intelligence, effort, organization, endurance, resources, indignation…capabilities the poor simply do not have. This is part of the reason why they’re poor, after all. For the very same reasons they struggle in a free market, they fail in the political market too. By Director’s logic and contrary to popular belief, the big jackpot winners in democracy are the members of the motivated middle class. They take from the rich and the poor. (Here’s George Stigler’s paper on Director’s Law.)
Today Eric Falkenstein says the middle class is no longer the dominant coalition in the U.S.. Instead, we have a bar bell coalition made up of the political savvy and the lowest classes. He says it’s the end of Director’s Law:
So, perhaps every society has a different optimal coalition at various times, and currently I don’t see what will keep it from bringing everything down to the coalition of a few elites, sincerely deluded as to their belief in the virtue of government spending, combined with a vast entitlement mob at the bottom, all literally feeding off the middle class. It sounds a lot like South America.
I’m not certain Eric’s got it right here, though. I wouldn’t repeal Director’s Law yet. There’s a publicly funded middle class that is still grabbing, grasping, gripping, plucking, possessing and raiding quite well. Just like old times. The inexcusable public pensions, the outlandish salaries for cops, tenured public school teachers, and city managers, the coming baby boom entitlement tsunami, increasingly generous student loan programs for increasingly useless undergraduate degrees, bailouts for unions, banks and insiders—all of this is tribute paid by the rich and the for-profit middle to the politically connected. The demographics have changed some, but not completely.
Anyway, Milton Friedman explains Director’s Law here:
Comments are closed.
Let A Thousand Nations Bloom 
However, a host of styles and lengths of each capitol roofing of the clientele and also create a trustworthy connection. But, asphalt shingles were made from waste paper and wood fiber.
One of the main reasons for metal roofs nowadays.
But it’s nice to look at once the time concerns research
covering companies for your repair, restoration or rebuilding needs.
Membrane warranties cover cost to replace in comparison to the standard roof vents that are typically installed on homes in Montgomery County Maryland know that they have as well as on the West Coast.
It’s going to be finish of mine day, but before
end I am reading this wonderful article to improve my experience.
I rarely comment, but i did some searching and
wound up here The End of Directors Law? | Let A Thousand Nations Bloom.
And I do have a couple of questions for you if it’s allright.
Is it simply me or does it look like a few of these comments appear like left by brain dead people?
😛 And, if you are posting at additional online social sites,
I would like to follow anything fresh you have to post.
Would you list of the complete urls of all your communal pages like your
Facebook page, twitter feed, or linkedin profile?
Thanks for sharing such a nice thought, post is nice, thats why i have read it fully
Hurrah, that’s what I was looking for, what a information! present here at
this webpage, thanks admin of this web site.
Hi there excellent website! Does running a blog such
as this take a lot of work? I’ve virtually no understanding
of coding but I was hoping to start my own blog soon.
Anyway, if you have any suggestions or tips for new blog owners please share.
I know this is off topic however I just wanted to ask.
Thank you!
Thanks for any other informative blog. The place else may just I am getting that
kind of information written in such a perfect manner?
I’ve a undertaking that I am just now operating on, and
I’ve been on the glance out for such info.
Excellent website you have here but I was curious about if you
knew of any discussion boards that cover the same topics talked
about here? I’d really like to be a part of group where I can get comments from other experienced people that share the
same interest. If you have any recommendations,
please let me know. Bless you!
What’s up, its good piece of writing regarding media print,
we all be aware of media is a wonderful source of data.
Thank you for sharing your info. I really appreciate your efforts and I am waiting for your
next write ups thank you once again.
Hi to every single one, it’s actually a fastidious for me to visit this web page, it includes priceless Information.
Do you have a spam issue on this blog; I also am
a blogger, and I was curious about your situation; we have created some nice
practices and we are looking to trade strategies with others, be sure to shoot me an e-mail if interested.
Thanks for finally writing about >The End of Directors Law?
| Let A Thousand Nations Bloom <Loved it!
Attractive component of content. I simply stumbled upon your
website and in accession capital to claim that I get in fact loved account your blog posts.
Any way I’ll be subscribing to your augment or even I achievement you get admission to constantly fast.
Very shortly this site will be famous among all blogging and site-building
viewers, due to it’s pleasant posts
Simply want to say your article is as surprising. The clearness
in your post is simply excellent and i can assume you are an expert on this subject.
Fine with your permission allow me to grab your feed to keep up to date with forthcoming post.
Thanks a million and please keep up the rewarding work.
Do you mind if I quote a few of your posts as long as I provide credit and
sources back to your blog? My blog is in the
exact same niche as yours and my visitors would really
benefit from some of the information you provide here. Please let me know if this okay with you.
Appreciate it!
Hello there I am so thrilled I found your webpage, I really found you by
error, while I was looking on Aol for something else,
Regardless I am here now and would just like to say cheers
for a incredible post and a all round enjoyable blog (I
also love the theme/design), I don’t have time to look over it all at the moment but I have
saved it and also added your RSS feeds, so when I have time I
will be back to read more, Please do keep up the superb work.
Hello my friend! I want to say that this article is awesome, great written and include approximately all significant infos.
I would like to look more posts like this .
Hey there great website! Does running a blog like this require a lot
of work? I’ve no expertise in coding however I had been hoping to start my own blog in the near future.
Anyways, if you have any ideas or tips for new blog owners please share.
I know this is off topic but I just needed to ask. Appreciate it!
zasady gry w pokera na pieniadze
What’s up, yup this paragraph is in fact nice and I
have learned lot of things from it on the topic of blogging.
thanks.
Hi, i feel that i noticed you visited my blog thus i came to go back
the prefer?.I’m attempting to find issues to improve my web site!I suppose its adequate to use a few of your concepts!!
Hi! Someone in my Myspace group shared this website with us so I came to look it
over. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my followers!
Superb blog and wonderful design.
Hi there! I just want to offer you a huge thumbs up for your great info you’ve got right here on this post.
I’ll be coming back to your web site for more soon.
Good day! I could have sworn I’ve visited this site before but after browsing through a few of the articles I realized it’s new to me.
Regardless, I’m certainly happy I discovered it and I’ll be book-marking it and checking back regularly!
I think the admin of this site is actually working hard in support of
his site, as here every information is quality based information.
Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed.
There was a hermit crab inside and it pinched her ear. She never wants to go back!
LoL I know this is completely off topic but I had to tell someone!
Reality is, there’s no failing when it comes to mobile CPA advertising and marketing, there’s only experimentation. This can at times prove to be cost effective option, as you have to give them work only as and when needed.
So, before you do anything else, go to right now to claim your free
guide.
Hi, I do think this is an excellent web site. I stumbledupon it 😉 I may come back once again since I book-marked
it. Money and freedom is the best way to change, may you be rich and continue to guide others.
Also remember his or her actions will have a financial affect on your
relationship. Driving under influence (DUI) – it is completely outlawed in Minneapolis.
As legal assistants, they are not expected to handle case litigations,
but are relied upon to do the legwork of researching and documenting the information needed by lawyers for litigation support.
Thanks for some other great article. Where else may just anybody get that type of info in such
a perfect means of writing? I have a presentation next week, and I am on the look for such info.
Appreciating the commitment you put into your website and in depth information you offer.
It’s nice to come across a blog every once in a while
that isn’t the same out of date rehashed information. Fantastic
read! I’ve saved your site and I’m including your RSS feeds to my Google account.
You can certainly see your expertise within the work you write.
The sector hopes for even more passionate writers such as you who
are not afraid to mention how they believe. At all times go after your heart.
Hello to every one, the contents present at this site are actually remarkable for people
experience, well, keep up the good work fellows.
Hi my family member! I want to say that this post is awesome, nice written and
come with approximately all vital infos. I would like
to look extra posts like this .
Considering most parts of homemade solar panels are wood and metal, there is no reason why we should
scrimp on water-proofing the system. These are essentially
small panels that slot together like roof
tiles. Solar power creates direct current, which means
that the flow of electricity is a straight path in the forward direction.
Genuinely no matter if someone doesn’t understand after that its up to other visitors that they will assist,
so here it occurs.
hello there and thank you for your information – I’ve certainly picked
up something new from right here. I did however expertise several technical issues using this
site, as I experienced to reload the web site many times previous to I could get
it to load properly. I had been wondering if your web hosting is OK?
Not that I’m complaining, but slow loading instances times will often affect your placement in google and can damage your high
quality score if advertising and marketing with Adwords.
Anyway I am adding this RSS to my e-mail and could look out for much more of your respective interesting content.
Make sure you update this again very soon.
Though copper wires are much more valuable that aluminum ones, aluminum
wires are extremely cost effective. Sometimes the outlet can function well most of the time, even though the wiring
has not been installed correctly. An outlet
which should only have two items connected can end up having more than six while using the assistance of extension boxes or power strips.
I believe everything typed made a great deal of sense.
However, think about this, suppose you added a little information? I mean, I don’t wish to tell you how
to run your blog, but what if you added a headline to maybe grab a person’s attention? I mean The End of Directors
Law? | Let A Thousand Nations Bloom is kinda boring. You could peek at Yahoo’s front page
and see how they create news titles to get people interested.
You might add a related video or a picture or two to grab readers excited about everything’ve written. Just my opinion,
it could make your blog a little livelier.
Very quickly this site will be famous among all blogging and site-building users, due to it’s fastidious articles
Thanks for every other informative blog. Where else may I am getting that type of info written in such an ideal way?
I’ve a mission that I am just now running on, and I have been on the look out for such information.
Good post! We will be linking to this particularly great post on our site.
Keep up the good writing.
It’s really a nice and useful piece of information. I am happy that
you shared this helpful info with us. Please keep
us up to date like this. Thanks for sharing.
I usually do not leave many comments, but i did some searching and wound
up here The End of Directors Law? | Let A Thousand Nations Bloom.
And I do have 2 questions for you if you usually
do not mind. Is it simply me or does it look
like some of the comments appear like they are written by brain dead individuals?
😛 And, if you are posting on additional online social sites, I’d like to
keep up with anything new you have to post. Would you make a list of every one of your social sites like your Facebook page, twitter feed, or linkedin profile?
Hi friends, its wonderful article on the topic of cultureand completely explained, keep it up all the time.
I needed to thank you for this wonderful read!!
I definitely enjoyed every little bit of it. I have you saved
as a favorite to check out new things you post…
This causes the grass to clump up, the mower to clog, and as mentioned before, spread any disease much faster.
It is stated that a single has to wait for the lawn to dry for at
least 3 to 5 days ahead of spraying on the fertilizers.
It’s a good idea to send a soil sample off to the university.
The internet is a good method to maintain your long distance relationship that already started when you were physically
located together but it’s not a good place to start a new
relationship. At the age of 29, Siddhartha came into contact with what is now known as the “Four Sights. Teecee Go writes articles focusing on love, romance and save relationship helping people get back with their ex.